What is MDC Partners Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MDC Partners's interest expense for the
three
months ended in Mar. 2021 was $ -19 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Mar. 2021 was $-66 Mil.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. MDC Partners's Operating Income for the
three
months ended in Mar. 2021 was $ 29 Mil. MDC Partners's Interest Expense for the
three
months ended in Mar. 2021 was $ -19 Mil.
MDC Partners's Interest Coverage for the quarter that ended in Mar. 2021 was 1.50.
The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
MDC Partners Interest Expense Calculation
Interest Expense is the amount reported by a company or individual as an expense for borrowed money.
Interest Expense for the trailing twelve months (TTM) ended in Mar. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-66 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MDC Partners (NAS:MDCA) Interest Expense Explanation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
MDC Partners's Interest Expense for the
three
months ended in Mar. 2021 was $-19 Mil. Its
Operating Income
for the
three
months ended in Mar. 2021 was $29 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Mar. 2021 was $1,106 Mil.
MDC Partners's Interest Coverage for the quarter that ended in Mar. 2021 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies interest coverage is at least 5. MDC Partners Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.
MDC Partners (MDC Partners) Business Description
Traded in Other Exchanges
N/A
Address
One World Trade Center, 65th Floor, New York, NY, USA, 10007
MDC Partners Inc is a marketing company. Its core activities involve direct marketing, mobile marketing, market research, data analytics, design and branding, social media communications, and e-commerce. The company operates in three segments: Integrated Networks, Media & Data Network, and All Other. The company derives the majority of its revenue from The Integrated Networks segment, which provides a range of services for their clients, primarily including strategy, creative and production for advertising campaigns across a variety of platforms (print, digital, social media, television broadcast) as well as public relations and communications services, experiential, social media and influencer marketing. Its geographical segments include United States, Canada, and others.
Executives
| Jonathan B. Mirsky |
officer: Former General Counsel |
C/O MDC PARTNERS INC., 745 5TH AVENUE, 19TH FLOOR, NEW YORK NY 10151 |
| Charlene Barshefsky |
director |
|
| Asha Daniere |
director |
330 HUDSON STREET, 10TH FLOOR, NEW YORK NY 10013 |
| Wade Oosterman |
director |
C/O INGRAM MICRO INC., 1600 E. ST. ANDREW PLACE, SANTA ANA CA 92705 |
| Desiree G Rogers |
director |
C/O PINNACLE ENTERTAINMENT, INC., 3980 HOWARD HUGHES PARKWAY, LAS VEGAS NV 89169 |
| Irwin D Simon |
director |
C/O THE HAIN CELESTIAL GROUP INC., 1111 MARCUS AVENUE, LAKE SUCCESS NY 11042 |
| Frank P Lanuto |
officer: EVP, Chief Financial Officer |
HUDSON HIGHLAND GROUP, INC., 560 LEXINGTON AVENUE, NEW YORK NY 10022 |
| Mark Jeffery Penn |
director, 10 percent owner, officer: Chief Executive Officer |
1808 I STREENET, NW, 6TH FLOOR, WASHINGTON DC 20006 |
| Vincenzo Dimaggio |
officer: SVP, Chief Accounting Officer |
330 HUDSON STREET, 10TH FLOOR, NEW YORK NY 10013 |
| Ross David Corwin |
officer: See Remarks |
250 WEST 94TH STREET, APT. 12G, NEW YORK NY 10025 |
| Daniel Steven Goldberg |
director |
272 SOPER PLACE, OTTAWA A6 K1M 2J2 |
| Seth Gardner |
officer: Chief Operating Officer |
CERBERUS CAPITAL MANAGEMENT, L.P., 299 PARK AVENUE, NEW YORK NY 10171 |
| Mitchell Gendel |
officer: Gen. Counsel & Corp. Secretary |
EMERALD HOLDING, INC., 100 BROADWAY, 14TH FLOOR, NEW YORK NY 10005 |
| Stagwell Group Llc |
10 percent owner |
1808 I STREET, NW, 6TH FLOOR, WASHINGTON DC 20006 |
| Stagwell Agency Holdings Llc |
10 percent owner |
1808 I STREET, NW, 6TH FLOOR, WASHINGTON DC 20006 |
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